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H.E. the Minister of Planning, Economic Development, and International Cooperation Participates in Ministerial Opening Session of Egypt-Gulf Cooperation Council (GCC) Trade and Investment Forum
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H.E. Dr. Rania Al-Mashat participated in the ministerial opening session of the Egypt-GCC Trade and Investment Forum, which focused on “Prospects for Trade and Investment Relations between the Arab Republic of Egypt and GCC Countries.” The session aimed to review the investment environment in Egypt and the GCC, highlight key developments and supportive legislation, strengthen strategic partnerships between public and private sector representatives, discuss challenges to investment flows, and outline the future of investment cooperation in line with Egypt's and the GCC countries' long-term visions.
The session was attended by Eng. Karim Badawi, Minister of Petroleum and Mineral Resources; Mr. Mohamed Gabr, Minister of Labor; Mr. Mohamed Abdelrahman Al-Hawi, Undersecretary, UAE Ministry of Investment; Mr. Abdullah bin Ali Al-Dubaikhi, Assistant Minister of Investment, Saudi Arabia; Ms. Ibtisam bint Ahmed Al-Farouji, Undersecretary, Ministry of Commerce, Industry, and Investment Promotion, Oman; Mr. Mohamed Hassan Al-Malaki, Undersecretary, Ministry of Commerce and Industry, Qatar; and was chaired by Dr. Alaa Ezz, Secretary-General, African and European Chambers of Commerce.
In her speech, H.E. Dr. Al-Mashat expressed her pleasure in participating in this important forum, highlighting the depth of historical ties and brotherly relations between Egypt and GCC countries, which are based on mutual trust, shared vision, and complementary interests. She emphasized that Egypt and the Gulf countries have promising and complementary capabilities to enhance regional economic security and that Gulf investments remain the largest in Egypt, with opportunities across multiple sectors supported by economic reform policies.
H.E. Dr. Al-Mashat noted that the forum comes at a critical time amid rapid regional and global economic and geopolitical changes, requiring deeper strategic partnerships to enhance economic integration and develop shared value chains. She emphasized that Egypt-GCC cooperation establishes strong links across Asian and African markets while strengthening regional value chains.
The minister highlighted that Egypt and GCC countries have complementary economic and investment strengths that enable the creation of sustainable partnerships. GCC countries remain Egypt's leading regional investment partner and one of the largest sources of foreign direct investment in energy, real estate, financial services, tourism, and agriculture.
She added that this long-standing successful partnership can be deepened to align with shared priorities and emerging global and regional developments, particularly following Egypt's structural, economic, and financial reforms. She emphasized that Egypt adopts an approach that empowers the private sector while redefining the state's role in economic activity, and that the Egyptian economy continues to recover and grow despite regional and international challenges, with tourism, industry, and telecommunications leading future growth.
H.E. Dr. Al-Mashat reviewed Egypt's positive economic indicators, which reflect robust performance and continuous recovery. She noted that Egypt's GDP growth reached approximately 5% in Q4 FY 2024/2025, compared to 2.4% during the same period the previous year—the highest quarterly growth rate in three years. This contributed to an annual growth rate of around 4.4%, up from 2.4%, reflecting the resilience of Egypt's economy in facing external shocks, supported by policies promoting macroeconomic stability, improved governance of public investment expenditure, and enhanced private sector participation through continued structural reform implementation.
H.E. Dr. Al-Mashat confirmed that the Egyptian economy has demonstrated resilience and recovery in response to successive external shocks, reflecting the success of government policies in enhancing macroeconomic stability, improving governance of public investment expenditure, and supporting the private sector, in line with the national structural reform program.
She highlighted that the structure and sources of growth demonstrate Egypt's economic strengths, driven by key sectors including tourism, industry, and telecommunications/IT, which form essential pillars for future development.
H.E. Dr. Al-Mashat underlined that Egypt has adopted a new economic model through “Egypt's Narrative for Economic Development: Reforms for Growth, Jobs & Resilience,” based on three pillars: ensuring macroeconomic stability as a prerequisite for sustainable growth, structural transformation toward tradable sectors including industry, tourism, agriculture, energy, and IT, and redefining the role of the state to empower and incentivize the private sector. The narrative provides a framework for the success of both domestic and foreign investments, particularly those from Gulf countries.
She also noted that the “Hafiz” platform provides an integrated digital bridge linking private sector institutions with development partners, offering financial, technical, advisory, and capacity-building services. This enhances the business environment and facilitates access to financing and initiatives locally and internationally. Since 2020, the private sector has received around USD 16 billion in concessional financing.
H.E. Dr. Al-Mashat concluded by expressing confidence that the forum represents a new step in strengthening Egypt-GCC partnerships, supporting an integrated and sustainable Arab economy based on innovation, investment, and capacity integration. She emphasized that the Egypt-GCC Forum marks the launch of efforts to activate institutional frameworks for cooperation between Egypt and the Gulf countries.
She also highlighted that experiences of cooperation with the UAE, Oman, and Bahrain represent a blend of shared expertise and integrated practices, which can be leveraged to implement economic initiatives quickly and strengthen partnerships. Egypt is working with its partners through joint committees to activate institutions effectively and translate ideas into practical steps that enhance economic and investment cooperation.
Distributed by APO Group on behalf of Ministry of Planning, Economic Development, and International Cooperation - Egypt.President El-Sisi Meets Chief Executive Officers (CEOs) and Business Leaders of Major Egyptian and Global Companies
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Today, President Abdel Fattah El-Sisi met with CEOs and business leaders of 52 major Egyptian and international companies specialized in the outsourcing sector in the field of communications and information technology. The meeting was held on the sidelines of their participation in the Global Outsourcing Summit, hosted by Egypt on November 9-10, 2025. The meeting was also attended by Prime Minister, Dr. Mostafa Madbouly, and Minister of Communications and Information Technology, Dr. Amr Talaat.
Spokesman for the Presidency Ambassador Mohamed El-Shennawy said President El-Sisi started the meeting by welcoming the companies' leaders, expressing gratitude for their confidence in Egypt's communications and Information Technology sector. This confidence was reflected in their signing of 55 agreements with the Ministry of Communications and Information Technology the previous day, which aim to create 75,000 new job opportunities over the next three years. The President emphasized that Egypt's hosting of this global summit demonstrates the international community's confidence in the country's capabilities in this vital sector and its commitment to enhancing its position as an attractive destination for global companies, particularly in outsourcing. President El-Sisi also pointed out Egypt's competitive advantages in the communications and Information Technology sector.
The President confirmed that Egypt was keen on developing a national digital strategy aimed at transforming the communications and Information Technology sector from a purely service-oriented sector into a productive one that contributes to job creation, increased exports, and economic growth. The President also stressed the importance of establishing specific targets within the strategy to ensure its success. Additionally, President El-Sisi emphasized the role of human resources in implementing the strategy and the state's efforts to expand the base of trained Egyptian professionals who drive the industry, in collaboration with major international universities and educational institutions. The President stressed Egypt's commitment to integrating digital education into the national education system and its ambition to achieve significant advancements in this field, particularly given the size of the Egyptian market and its capacity to absorb more workers in this specialized area.
President El-Sisi engaged in an interactive dialogue with several companies present at the meeting. Company representatives expressed their interest in expanding their investments in Egypt, commending the favorable business climate and the facilitation provided by the state. The President reaffirmed Egypt's support for foreign investors and its readiness to remove any obstacles they may face, noting that Egypt's stability, despite regional challenges, is a key factor in attracting investment. President El-Sisi emphasized that this stability stems not only from the state's measures, but also from the awareness and determination of the Egyptian people to maintain stability and attract more foreign investments.
The Minister of Communications and Information Technology, Dr. Amr Talaat, addressed the meeting, highlighting that the communications and Information Technology sector has now become the fourth strategic sector alongside industry, agriculture, and tourism in Egypt's economic growth process. Dr. Talaat also noted that outsourcing has become one of the key pillars of Egypt's strategy to transform the communications and IT sector into a productive service sector.
The Minister also mentioned that the government aims to quadruple the number of workers and digital exports in this sector. Dr. Talaat pointed out that the number of trainees has reached 800,000 annually, compared to just 4,000 trainees eight years ago. Furthermore, Dr. Talaat explained that the state has launched a comprehensive strategy to build digital capabilities, providing opportunities for graduates from various fields to join tech jobs and expanding training programs across Egypt through 24 Digital Egypt Innovation Centers established over the past five years in all governorates. The state has also introduced remote digital training methods to reach youth across the country.
Dr. Talaat added that to ensure the quality of graduates while expanding training, the state has introduced new training modules in specialized areas. He highlighted the "Digital Pioneers" initiative, which is directly overseen by President El-Sisi and aims to train more than 10,000 young men and women annually, with full scholarships provided by the state.
The Minister emphasized that Egypt is taking all necessary steps to encourage global companies in the communications and IT sector operating in Egypt to expand their operations and open new markets. This includes offering incentives such as support for training, hiring, and export rebate schemes. He added that 60-thousand specialists in this field joined the workforce by the end of 2024, and that Egypt's digital outsourcing exports have doubled between 2022 and 2024. The Minister also highlighted the annual growth rate of 14-16% in the sector, which has led to an increase in the sector's share of GDP from 3.2% in 2018 to 6% in 2025. Dr. Talaat also noted that digital exports in the outsourcing sector have doubled, confirming that Egypt continues to lead Africa in fixed internet speed for the fifth consecutive year. He reported that Cairo is ranked among the top cities for innovation and entrepreneurship globally.
At the end of the meeting, President El-Sisi emphasized that Egypt welcomes everyone who seeks to work and innovate, reiterating the state's determination to remove any obstacles faced by foreign investors in the country.
Distributed by APO Group on behalf of Presidency of the Arab Republic of Egypt.Kenya: Health Cabinet Secretary (CS) Reaffirms Government’s Commitment to Attaining World Health Organization (WHO) Maturity Level 3 for Health Product Regulation
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Health Cabinet Secretary Hon. Aden Duale has reaffirmed the Government's commitment to achieving World Health Organization (WHO) Maturity Level 3 (ML3) status for health product regulation, marking a major step toward strengthening Kenya's capacity to ensure the quality, safety, and efficacy of all medical products.
Speaking during a high-level strategic meeting with the National Quality Control Laboratory (NQCL) Board and senior management at the institution's headquarters in Nairobi, the CS said the attainment of WHO ML3 status will position Kenya among countries with stable and internationally recognised regulatory systems for medical products.
“This milestone is critical for enhancing access to quality-assured medicines, strengthening local pharmaceutical manufacturing, and reinforcing pandemic preparedness,” said Hon. Duale. “It will also build public confidence by guaranteeing that health products in Kenya are consistently safe, effective, and of the highest quality — a key pillar in realising Universal Health Coverage (UHC).”
The engagement followed an earlier meeting with the NQCL Board at the Ministry, where longstanding institutional challenges were reviewed and sustainable strategies developed to strengthen operational capacity and improve overall performance.
During an inspection of the facility, the CS highlighted the urgent need to fast-track the calibration, repair, and maintenance of six stalled HPLC machines to accelerate full operationalisation of the laboratory, enhance efficiency, and boost revenue generation.
“I have urged the NQCL Board and staff to uphold the highest standards of integrity, transparency, and accountability, while aligning operations with modern healthcare demands,” Hon. Duale noted. “Reducing turnaround time to the mandated 42 days will improve client confidence and institutional credibility.”
He further commended the institution's steady progress and announced a 90-day sprint focused on meeting all prerequisites for attaining WHO ML3 accreditation.
“Kenya must take its place among nations with trusted regulatory systems that not only protect citizens but also promote innovation and industrial growth,” the CS emphasised.
The meeting also included an interactive session with NQCL staff to discuss strategies for fostering a supportive work environment that enhances productivity and service delivery.
The CS was hosted by NQCL Board Chairperson Dr John Muturi and CEO Dr Sultani Matendechero, and accompanied by Principal Secretary for Public Health and Professional Standards Ms Mary Muthoni and Director General for Health Dr Patrick Amoth.
Distributed by APO Group on behalf of Ministry of Health, Kenya.APO Group Chief Executive Officer (CEO) Bas Wijne to Deliver Keynote and Serve as Awards Judge at Africa Tech Festival 2025
APO Group (www.APO-opa.com), the leading award-winning, pan-African communications consultancy and press release distribution service, is proud to announce that its Chief Executive Officer, Bas Wijne, will deliver a keynote address at this week's Africa Tech Festival and serve as an official judge at the Africa Tech Festival Awards.
As the continent's premier gathering of innovators, investors, and policymakers, the Africa Tech Festival showcases the organisations, people, and ideas driving Africa's digital transformation. Wijne's participation underscores APO Group's commitment to this rapidly growing and influential sector. On Wednesday, 12 November, Wijne will take to the main stage with a keynote address titled “Future Signals for Africa's Emerging Tech Landscape”, sharing insights on the technologies reshaping industries across the continent, and how the current state of policy, investment, and communication intersect to influence Africa's tech boom. “At APO Group, we don't just tell Africa's innovation stories; we help track the signals of what's next,” said Wijne. “Africa's growth depends on how effectively we interpret these signals and invest in readiness. Visibility drives value, and when the world sees Africa's progress, confidence and opportunity follow. We're proud to play a part in driving this growth.”
Wijne will also join an elite panel of judges for the Africa Tech Festival Awards 2025, a flagship celebration of the most innovative and impactful achievements in Africa's digital economy. Finalists will be evaluated across ten categories, ranging from innovation in connectivity and fintech to sustainability and digital inclusion, before the winners are announced at the festival's awards gala on 12 November.
Affirming APO Group's role in amplifying the voices of Africa's technology pioneers, Wijne added: “The Africa Tech Festival Awards recognise the changemakers who are not only advancing technology but also shaping Africa's most profitable story - one of ingenuity, inclusion, and growth. It's an honour to serve alongside other industry leaders in celebrating the progress of our continent's innovators.”
For APO Group, participation in both the conference and awards aligns perfectly with its mission to connect innovators, investors, and policymakers with the right audiences and to drive Africa's tech transformation through storytelling. As the trusted communications partner for businesses and institutions across Africa, the company continues to reshape narratives by challenging stereotypes and showcasing African success stories on global stages.
APO Group's leadership presence at Africa Tech Festival 2025, complemented by Founder and Chairman Nicolas Pompigne-Mognard's (www.Pompigne-Mognard.com) continued service on the event's Leadership Council, highlights the organisation's long-term commitment to Africa's digital transformation. By supporting platforms that bring together public and private sector decision-makers, APO Group strengthens the ecosystem that enables innovation to thrive.
“As technology moves from hype to value, Africa must own its narrative,” said Wijne. “When we tell our stories confidently and invest with foresight, Africa doesn't just adapt to global trends, it defines them.”
The Africa Tech Festival (https://AfricaTechFestival.com/) will take place at the Cape Town International Convention Centre from 11 to 13 November 2025.
Distributed by APO Group on behalf of APO Group.APO Group Media Contact:
marie@apo-opa.com
About APO Group:
Founded in 2007, APO Group (www.APO-opa.com) is the leading award-winning pan-African communications consultancy and press release distribution service. Renowned for our deep-rooted African expertise and expansive global perspective, we specialise in elevating the reputations and brand equity of private and public organisations across Africa. As a trusted partner, our mission is to harness the power of media by crafting bespoke strategies that drive tangible, measurable impact on the continent and globally.
Our commitment to excellence and innovation has been recognised with multiple prestigious awards, including a PRovoke Media Global SABRE Award and multiple PRovoke Media Africa SABRE Awards. In 2023, we were named the Leading Public Relations Firm Africa and the Leading Pan-African Communications Consultancy Africa in the World Business Outlook Awards, and the Best Public Relations and Media Consultancy of the Year South Africa in 2024 in the same awards. In 2025, Brands Review Magazine acknowledged us as the Leading Communications Consultancy in Africa for the second consecutive year. They also named us the Best PR Agency and the Leading Press Release Distribution Platform in Africa in 2024. Additionally, in 2025, the Davos Communications Awards 2025 awarded us the Gold Award for Best PR Campaign and the Bronze Award for Special Event.
APO Group's esteemed clientele, which includes global giants such as Canon, Nestlé, Western Union, the UNDP, Network International, African Energy Chamber, Mercy Ships, Marriott, Africa's Business Heroes, and Liquid Intelligent Technologies, reflects our unparalleled ability to navigate the complex African media landscape. With a multicultural team across Africa, we offer unmatched, truly pan-African insights, expertise, and reach across the continent. APO Group is dedicated to reshaping narratives about Africa, challenging stereotypes, and bringing inspiring African stories to global audiences, with our expertise in developing and supporting public relations campaigns worldwide uniquely positioning us to amplify brand messaging, enhance reputations, and connect effectively with target audiences.
South Sudan: In Upper Nile, land clearances supported by the United Nations (UN) family create hope for a better future
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Loosely translated, the name Hai Salaam means welcoming peace.
For the people of Malakal, that translation carries real weight — it represents hope, and the promise of a new beginning.
Once completed, this vast area — nearly 19 million square meters — is set to become home to hundreds of families.
The idea was inspired by another project not far away, in Hai Mataar, where community gardens have already begun to thrive. After seeing the progress there, local residents grew curious — and hopeful — about embracing this new way of life.
But the journey to creating a safe, livable space isn't easy. Years of conflict have left many parts of Malakal — and the surrounding areas — contaminated with explosive remnants of war. These not only endanger lives but also keep communities from using vital farmland, at a time when food insecurity across South Sudan remains dire.
That's why the United Nations Mission in South Sudan (UNMISS), together with the International Organization for Migration (IOM), the UN Refugee Agency (UNHCR), and local authorities, joined forces to begin clearing and rebuilding the land.
It's meticulous, dangerous work — led by the United Nations Mine Action Service, or UNMAS. Their team calls it “battlefield area clearance.”
Before any digging begins, the team studies the land — examining old conflict data, talking to communities, and assessing the likelihood of mines. If the area, like Hai Mataar or Hai Salaam, is considered low risk, they move on to surface and then subsurface searches.
Each step is precise. They clear up to 40 centimeters below ground — deep enough to make the land safe for everyday life, from children playing to families building homes.
Then comes the delicate part: using metal detectors to pinpoint any suspicious objects, and carefully digging them out — one piece at a time.
For the deminers, safety comes through discipline and trust in the process.
As UNMAS team member Florence Apai explains, “Many people ask if I'm scared. I was, at first. But the training, the drills — they give you confidence. You learn that your safety depends on your eyes, your focus.”
Since September 2024, Florence and other women have been working alongside their male colleagues at Hai Salaam, breaking down traditional gender roles in the process.
“In South Sudan, some men think certain jobs aren't for women. But we can do it all — cutting trees, digging pits, even demining,” she says proudly.
For Florence, the work is deeply personal. Growing up near Yei, her own community once benefited from demining activities.
“Seeing how much it changed our lives — how it gave us freedom to move, to live — that's what inspired me. I wanted to help others feel that same safety.”
Once the land at Hai Salaam is cleared, Malakal residents — no matter where they come from — will be able to apply for one of the new homes.
A safe place to live, a fresh start, and maybe most importantly — a chance to leave parts of the past behind.
Distributed by APO Group on behalf of United Nations Mission in South Sudan (UNMISS).Nigeria’s Olu Verheijen Joins G20 Africa Energy Investment Forum Amid Strategic Reforms
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As the G20 Africa Energy Investment Forum fast-approaches, major African oil and gas producers such as Nigeria are gearing up to bring their strategic energy agendas to a global audience. Nigeria's Special Advisor to President Bola Tinubu on Energy Olu Verheijen has joined the forum – taking place November 21 in Johannesburg – where she is expected to share insight into how the country's recent slate of reforms is not only attracting foreign investment into the energy value chain but are positioning Nigeria as a benchmark for African nations as they pursue a hydrocarbon-driven energy transition.
As one of the continent's biggest oil and gas producers, Nigeria has been realigning policy with the aim of accelerating exploration, reversing production decline and unlocking greater value from both onshore and offshore hydrocarbon basins. Recent reforms include the introduction of the “Upstream Petroleum Operations” (Cost Efficiency Incentives) Order this year, offering performance-based tax credits to oil and gas companies that achieve cost-reduction targets. The policy aims to lower operational costs, enhance the sector's attractiveness while attracting investment into upstream projects. It also follows the implementation of the Petroleum Industry Act (PIA) in 2021, which overhauled sector governance, unbundled the Nigerian National Petroleum Company into a commercially-oriented entity and established a modernized regulatory framework to attract capital and foster sustainable growth.
The impact of these reforms has already been evident. Since the enactment of the PIA, Nigeria has catalyzed over $17 billion in foreign direct investment into its oil and gas industry, reflecting renewed global confidence in the market. The country has also witnessed a surge in spending from active operators, including a $1.5 billion investment by ExxonMobil to revitalize its Usan deepwater oilfield; $5 billion FID reached for Shell's Bonga North Deepwater Development; and a $550 million investment by TotalEnergies to develop a gas processing facility. These investments follow a series of merger and acquisitions in 2024, with the country attracting $6.7 billion in investments throughout the year, driven by acquisitions by Seplat, Chappal Energies and Oando. These developments are aligned with Nigeria's broader goal to increase production upwards of two million barrels per day.
Nigeria's energy strategy transcends the oil industry, showcasing a diverse and multi-faceted development approach that considers all forms of energy. Part of its National Energy Transition Plan – which aims to advance low-carbon and sustainable energy projects – the country has set a goal to increase gas production to 12 billion cubic feet per day by 2030 and is seeking $60 billion over the next five to seven years to strengthen the gas value chain. With over 200 trillion cubic feet of proven gas reserves, Nigeria's gas sector has become a key priority for the nation's development agenda.
In the renewable energy sector, the country has established a '30-30-30' plan, targeting 30 GW of grid-connected power capacity by 2030, 30% of which will be derived from renewable energy sources. The plan comes as the country pursues net-zero by 2060 and is expected to contribute towards its goal of achieving universal access to electricity. Various projects have been launched to realize this goal. Oando Clean Energy is developing a 1.2 GW solar farm in Jigawa; the World Bank is backing the $750 million Distributed Access through Renewable Energy Scale-up project, set to provide power to over 17.5 million Nigerians; while the Rural Electrification Agency of Nigeria has signed agreements with 10 companies for the generation of 948 MW of electricity. These developments are not only set to strengthen the country's power capacity but create thousands of jobs and support local business development.
“Nigeria's energy reforms are setting a powerful precedent for what African-led policy can achieve. By fostering transparency, incentivizing investment and prioritizing both hydrocarbons and renewables, Nigeria is showing that energy security and transition are not competing goals; they are complementary drivers of growth,” states NJ Ayuk, Executive Chairman, African Energy Chamber.
Nigeria's multi-faceted energy strategy aligns closely with the upcoming forum, which aims to promote an Africa-centric approach to the energy transition. Recognizing the continent's vital need to power and industrialize its economies, the G20 Africa Energy Investment Forum will offer a bridge between global capital and African projects, tackling key topics such as the role of natural gas, the value of integrated energy systems and how African oil producers can drive the continent's energy transition.
To register for the Forum, click here (https://apo-opa.co/43Tsxht).
Distributed by APO Group on behalf of African Energy Chamber.Kosmos Energy Joins MSGBC Energy Conference as Sponsor Amid Regional Liquefied Natural Gas (LNG) Drive
Energy major Kosmos Energy has joined the MSGBC Oil, Gas & Power 2025 Conference and Exhibition – taking place on December 8-10 in Dakar, Senegal – as a Sponsor. At the forefront of the region's gas development, the company has achieved several operational milestones over the last year and has now turned to other regional developments. Kosmos Energy's participation at the event reflects its commitment to engaging potential partners to advance strategic gas projects and is expected to open doors for new collaboration in West African LNG.
With a strong presence in West Africa, Kosmos Energy has been at the helm of the MSGBC region's LNG market. In collaboration with its partners energy major bp (operator), Senegal's national oil company (NOC) Petrosen and Mauritania's NOC Société Mauritanienne Des Hydrocarbures, Kosmos Energy exported the first LNG cargo from the Greater Tortue Ahmeyim (GTA) project in April 2025, with the Gimi FLNG vessel reaching its commercial operations date in June 2025. Situated on the maritime border of Senegal and Mauritania, the project is the first major LNG development in the region. GTA achieved LNG production in February 2025, with the first phase targeting 2.3 million tons per annum. The partners are now looking towards the second phase of the development, which will increase production to 5 mtpa.
The success of GTA has not only positioned Senegal and Mauritania as global gas exporters but has demonstrated the viability of investing in large-scale offshore gas projects in the MSGBC region. Beyond GTA, Kosmos Energy is also developing the Yakaar-Teranga project, estimated to hold up to 25 trillion cubic feet of gas reserves. Situated in Senegal, the project is led by Kosmos Energy as the operator in partnership with Petrosen. The companies are currently seeking partners to support development activities, highlighting a strategic opportunity for international firms.
Both GTA and Yakaar-Teranga are expected to unlock significant opportunities for the region. While GTA focuses predominantly on exports – with a portion designated for domestic use in Senegal and Mauritania – Yakaar-Teranga prioritizes low-cost gas produced primarily for domestic markets. This will be combined with an offshore LNG facility which will export gas to international markets, thereby enhancing the country's status as a global supplier. Yakaar-Teranga targets the production of 550 million standard cubic feet of gas per day, with domestic gas transported via pipeline to shore.
“Through landmark projects like GTA and Yakaar-Teranga, Kosmos Energy has proven its capacity to pioneer large-scale gas developments that redefine West Africa's energy landscape. The company's vision, technical excellence and long-term commitment continue to inspire confidence in the MSGBC region's transition into a globally competitive LNG hub,” states Sandra Jeque, Project Director, Energy Capital & Power.
Kosmos Energy's participation at the MSGBC Oil, Gas & Power 2025 conference – the region's premier energy event – reflects a renewed drive to deepen collaboration and attract new partnerships across the gas value chain. As one of the region's leading project developers, the company's presence reinforces industry confidence, supports knowledge exchange and showcases the strategic opportunities that lie within the MSGBC basin's evolving LNG landscape.
Explore opportunities, foster partnerships and stay at the forefront of the MSGBC region's oil, gas and power sector. Visit www.MSGBCOilGasAndPower.com to secure your participation at the MSGBC Oil, Gas & Power 2025 conference. To sponsor or participate as a delegate, please contact sales@energycapitalpower.com.
Distributed by APO Group on behalf of Energy Capital & Power.Western Union Introduces “Beyond” Strategy and Provides Medium-Term Financial Outlook at Investor Day
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- Revenue expected to improve 20% over the next 3 years to $5B (at mid-point)
- Adjusted earnings per share (EPS) expected to grow 30% over the next 3 years to $2.30 (at mid-point)
- Digital first strategy to create a global two-sided financial services network
- Consumer Services is expected to continue double-digit revenue growth
The Western Union Company (NYSE: WU) (“Western Union” or the “Company”) (www.WesternUnion.com) will host an Investor Day event in New York City today at 1:00 p.m. EST. The previously announced event will feature a presentation from Western Union's executive management team and an overview of the Company's strategic outlook and growth plans. The Company is also providing its medium-term outlook.
“Our vision is for Western Union to make financial services accessible to people everywhere,” said Devin McGranahan, President and CEO of Western Union. “Over the past three years, we have evolved to become a digital-first company, enabled by our retail network, serving customers beyond remittance, all powered by our market-leading platform.”
“Looking ahead,” McGranahan continued, “we expect revenue to improve 20% to $5 billion by 2028. We have a clear, digital-first strategy, driving growth across channels, geographies and products to best meet our customers' growing financial needs.”
Three-Year Financial Outlook
Today, the Company will share the foundation for the next chapter in Western Union's evolution: Beyond. Beyond what customers and agents expect and Beyond traditional definitions of consumer remittances, including an expansion of its Digital Asset Network and its USDPT stablecoin strategy. Western Union will provide its medium-term financial outlook reflecting its new long-term strategy. The Company expects the following in 2028:
|
2028 Outlook Range |
|
|
Revenue |
$4.8 – $5.3 billion |
|
Adjusted EPS* |
$2.15 – $2.45 |
2025 Investor Day Webcast
The event will begin on November 6, 2025, at 1:00 p.m. Eastern Time and conclude at approximately 4:00 p.m. Eastern Time. A live webcast and presentation will be available at https://IR.WesternUnion.com. Registration for the event is required, so please register at least 15 minutes prior to the scheduled start time. A webcast replay will be available after the event.
* The Company has not provided a quantitative reconciliation of forecasted adjusted earnings per share to forecasted GAAP earnings per share because the Company cannot, without unreasonable effort, calculate certain reconciling items with confidence due to the variability, complexity, and limited visibility of the adjusting items that would be excluded from forecasted earnings per share. These items include but are not limited to: severance costs; acquisition, separation, and integration costs; amortization and impairment of acquisition-related intangible assets; non-cash tax impacts of the Company's international reorganization; and income taxes associated with these adjustments. The variability of these items could have a significant impact on the Company's future GAAP financial results.
Safe Harbor Compliance Statement for Forward-Looking Statements:
This press release contains certain statements that are forward-looking within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are not guarantees of future performance and involve certain risks, uncertainties, and assumptions that are difficult to predict. Actual outcomes and results may differ materially from those expressed in, or implied by, our forward-looking statements. Words such as “expects,” “intends,” “targets,” “anticipates,” “believes,” “estimates,” “guides,” “provides guidance,” “provides outlook,” “projects,” “designed to,” and other similar expressions or future or conditional verbs such as “may,” “will,” “should,” “would,” “could,” and “might” are intended to identify such forward-looking statements. Readers of this press release of The Western Union Company (the “Company,” “Western Union,” “we,” “our,” or “us”) should not rely solely on the forward-looking statements and should consider all uncertainties and risks discussed in the Risk Factors section of our Annual Report on Form 10-K for the year ended December 31, 2024, and in our subsequent filings with the Securities and Exchange Commission. The statements are only as of the date they are made, and the Company undertakes no obligation to update any forward-looking statement.
Possible events or factors that could cause results or performance to differ materially from those expressed in our forward- looking statements include the following: changes in economic conditions, trade disruptions, or significantly slower growth or declines in the money transfer, payment service, and other markets in which we operate; interruptions in migration patterns or other events, such as public health emergencies, any changes arising as a result of policy changes in the United States and/or other key markets, civil unrest, war, terrorism, natural disasters, or non-performance by our banks, lenders, insurers, or other financial services providers; failure to compete effectively in the money transfer and payment service industry, including among other things, with respect to digital, mobile and internet-based services, card associations, and card-based payment providers, and with digital currencies, including cryptocurrencies; geopolitical tensions, political conditions and related actions, including trade restrictions, tariffs, and government sanctions; deterioration in customer confidence in our business; failure to maintain our agent network and business relationships; our ability to adopt new technology; the failure to realize anticipated financial benefits from mergers, acquisitions and divestitures; decisions to change our business mix; exposure to foreign exchange rates; changes in tax laws, or their interpretation, and unfavorable resolution of tax contingencies; cybersecurity incidents involving any of our systems or those of our vendors or other third parties; cessation of or defects in various services provided to us by third-party vendors; our ability to realize the anticipated benefits from restructuring-related initiatives; our ability to attract and retain qualified key employees; failure to manage credit and fraud risks presented by our agents, clients, and consumers; adverse rating actions by credit rating agencies; our ability to protect our intellectual property rights, and to defend ourselves against potential intellectual property infringement claims; material changes in the market value or liquidity of securities that we hold; restrictions imposed by our debt obligations; liabilities or loss of business resulting from a failure by us, our agents, or their subagents to comply with laws and regulations and regulatory or judicial interpretations thereof; increased costs or loss of business due to regulatory initiatives and changes in laws, regulations, and industry practices and standards; developments resulting from governmental investigations and consent agreements with, or investigations or enforcement actions by, regulators and other government authorities; liabilities resulting from litigation; failure to comply with regulations and evolving industry standards regarding data privacy; failure to comply with consumer protection laws; effects of unclaimed property laws or their interpretation or the enforcement thereof; failure to comply with working capital requirements; changes in accounting standards, rules and interpretations; and other unanticipated events and management's ability to identify and manage these and other risks.
Contacts:
Investor Relations:
Tom Hadley
WesternUnion.IR@westernunion.com
Media Relations:
Amanda Demarest
media@westernunion.com
About Western Union:
The Western Union Company (NYSE: WU) is committed to helping people around the world who aspire to build financial futures for themselves, their loved ones and their communities. Our leading cross-border, cross-currency money movement, payments and digital financial services empower consumers, businesses, financial institutions and governments—across more than 200 countries and territories and over 130 currencies—to connect with billions of bank accounts, millions of digital wallets and cards, and a global footprint of hundreds of thousands of retail locations. Our goal is to offer accessible financial services that help people and communities prosper. For more information, visit www.WesternUnion.com.
